Category Archives: Blog post

Blog: Why Costco Should Clean Up Its Citi Credit Card

BLOG: Why Costco Should Clean Up Its Citi Credit Card Costco is in a pickle (and we’re not talking about free samples): they’re partnered with Citibank, one of the world’s dirtiest banks. Since 2016, Citi has funneled a staggering $332 billion into new fossil fuel investments. As the third largest retailer in the US, Costco, […]

Blog: Orange skies over New York

Greetings from New York, where the sky is orange and the air quality index hit a staggering 484 on Wednesday afternoon – nearly 200 points higher than what is considered hazardous for all living beings.  The immediate cause of this crisis is wildfires in Canada, the real cause is the climate crisis. New York is […]

Citi and KKR: Financing Climate Destruction and Environmental Racism

If you look at Citi’s marketing and PR, you’d be mistaken for thinking this is a company that cares about the climate crisis and racial equity. Jane Fraser talks a good game about climate commitments and equity, but LEED-certified buildings and diverse models on the website aren’t enough.  Citi paints itself as a climate champion, […]

STMP Blog: Citi’s Sustainability Team is a Greenwashing Machine

Last week, two Citibank customers and I met with some of Citi’s top Sustainability leadership: Val Smith, the Head of Sustainability, and Nasser Malik, the Corporate Banking Head of Sustainability and Corporate Transitions.  Unfortunately, Citi’s leadership are spewing the same talking points we’ve heard for months. It’s becoming more and more clear: Citi’s sustainability team […]

Toxic Money Webinar 7.28.22: Using Financial Regulation to Fight for Racial, Housing, and Climate Justice

On this webinar, We learned about how the Community Reinvestment Act can be used as a tool to build community solutions, especially as accountability to deal with the legacy of racial and economic harm done to communities via redlining and discrimination. The CRA could fund climate reparations to communities, as well as fund workforce development.  […]

Blog: What Biden should have talked about last week with Fed Chair Powell

What Biden should have talked about last week with Fed Chair Powell This blog is reposted and originally appeared on 350.org.  by Jason Kirkpatrick With inflation and gas prices topping the agenda in the USA recently, one could be surprised by what topics were left out of the recent meeting between President Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair […]

Shareholder Season 2022 Wrap Up

This shareholder season, STMP launched the Wall Street’s Moment of Truth – People or Fossil Fuels campaign to push investors to support climate action at banks and insurance companies. Shareholder, or “AGM” (annual general meeting) season is a period roughly between April and June when publicly-traded companies hold their annual shareholder meetings. At these meetings, […]

Toxic Money Webinar 5.12.22: Protecting Your Savings, Our Communities, and the Planet

On this webinar, we learned about why we need transparency from companies around their contributions to the climate crisis and how they’re fueling harm in BIPOC communities. Many of us are told that being financially responsible means investing in stocks and bonds and saving for retirement. But if the world goes up in flames, our […]

The threat to Your Savings, Our Communities, and the Planet

Did you know that climate change poses a hidden threat to your investments, 401(k) accounts, and pensions?  We’re all told that being financially responsible means investing in stocks and bonds, and saving for retirement. Here at Stop the Money Pipeline we also consider saving the planet to be saving for our futures. Unfortunately, if the […]

It’s time to take on Wall Street’s evil twin, Private Equity!

Have you heard about Wall Street’s evil twin?  It’s the private equity (PE) industry and it’s dripping in fossil fuels.  As financial institutions and other Wall Street actors face growing pressure to cut emissions, many are selling fossil fuel assets—and PE firms have repeatedly stepped up as buyers.  Private equity firms and the billionaires and […]